The Latest

The Internal Revenue Service has selected four new members and a chairman for the Electronic Tax Administration Advisory Committee.

The government has nixed a plan for Fannie Mae to sell over $2.5 billion worth of low-income housing tax credits to Goldman Sachs and Warren Buffett’s company Berkshire Hathaway.

The Pennsylvania Institute of CPAs is seeking nominations for its 2010 Distinguished Public Service Award.

Loucks, Adamek, Ashegian & Co. has changed its name to Sousa & Weber and expanded its services.

Two Florida accounting firms — Proctor, Crook & Crowder and Fogal & Associates — have merged to form one of the largest firms on the state’s Treasure Coast.

British rock band Echo & The Bunnymen have canceled their U.S. tour, citing “unreasonable demands” from the IRS.

Tax accountants who help U.S. taxpayers hide their income in foreign banks are in the crosshairs of a new push by Congress and the Obama administration to crack down on offshore tax haven cheats.

And did you also know that employees pose the biggest fraud threat in the current economy? This week, more than 200 organizations worldwide are partnering with the Association of Certified Fraud Examiners to shine a light on how white collar crime spreads during time of economic crisis.

The House voted to approve health care reform, moving the legislation now to an uncertain outcome in the Senate.

President Barack Obama has signed the extension of the First-Time Homebuyer Tax Credit, along with an extension of unemployment benefits.